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Prospector
Profile
07.1400
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| Newgen Technologies, Inc. |
NAICS |
324110 |
| 6000 Fairview Road, 12th Floor
Charlotte, NC 28210 |
Description |
Fuel Refining |
| (704) 552-3590 |
Employees |
52 |
| http://www.newgenholdings.com/ |
Revenue |
(mil) |
0.9160 |
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Income |
(mil) |
-14.5590 |
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Assets |
(mil) |
8.8060 |
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Liability |
(mil) |
15.4990 |
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(for the year ended 2006-12-31) |
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Category:
Loss/Deficit
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Event:
Newgen Technologies, Inc. incurred a net loss of $5,838,969 for the six months ended June 30, 2007, much higher than the $3,623,125 net loss incurred during the first half of 2006. As of June 30, 2007, the Company has an accumulated deficit of $24,662,568 and stockholder's deficit of $11,097,330. It also has strained liquidity with $599,388 in total current assets available to pay $14,893,002 in total current liabilities.
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Intellectual Property:
NewGen has submitted Patent Application No. 0509818.1 in the United Kingdom pertaining to the use of its proprietary technology for production of fuels. This application shows the inventive steps and novelty, which distinguishes them from the prior patents granted to the inventors of its technology. [SEC Filing 10-KSB 04-02-07]
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Description:
The Company manufactures and distributes renewable biofuels and hydrocarbon blends in the United States.
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Officers:
S. Bruce Wunner (Chair & CEO); Ian V. Williamson (Pres. & Dir.); Michael F. D’Onofrio (COO & Dir.); Mike W. Woods (CFO); Scott A. Deininger (Dir.); Cliff Hazel (Dir.); Noel M. Corcoran (Dir.)
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Auditor:
Skoda Minotti & Company
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Securities:
Common Stock-Symbol NWGN.OB; OTC BB;
67,033,213 common shares outstanding as of August 20, 2007.
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